Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock to Pay Quarterly Dividend of $0.13

Ryan Specialty Holdings Inc. (NYSE:RYAN) announced a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, November 10th will be given a dividend of $0.13 per share on Tuesday, November 24th. This represents a $0.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 10th.

Ryan Specialty has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ryan Specialty to earn $2.47 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 21.1%.

Ryan Specialty Stock Performance

Ryan Specialty stock opened at $43.19 on Friday. Ryan Specialty has a 12-month low of $29.28 and a 12-month high of $58.94. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.51. The business’s 50-day moving average price is $40.41 and its two-hundred day moving average price is $39.20. The stock has a market cap of $11.05 billion, a PE ratio of 59.99, a P/E/G ratio of 0.87 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $789.96 million during the quarter, compared to the consensus estimate of $792.99 million. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, analysts expect that Ryan Specialty will post 2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RYAN. Integrity Alliance LLC. purchased a new position in Ryan Specialty during the third quarter valued at $1,040,000. Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Ryan Specialty in the 3rd quarter worth about $854,000. Vise Technologies Inc. lifted its position in Ryan Specialty by 189.0% during the 3rd quarter. Vise Technologies Inc. now owns 24,941 shares of the company’s stock valued at $923,000 after acquiring an additional 16,311 shares during the period. Motley Fool Asset Management LLC bought a new stake in Ryan Specialty during the third quarter worth about $3,952,000. Finally, Compass Ion Advisors LLC bought a new stake in Ryan Specialty during the third quarter worth about $297,000. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.